Summary: S.1896 — 113th Congress (2013-2014)All Information (Except Text)

There is one summary for S.1896. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (01/07/2014)

Manufacturing Communities Investment Act - Amends the Internal Revenue Code, with respect to the new markets tax credit, to: (1) increase to $5 billion and extend through 2016 the national limitation amount for such credit, and (2) allow an additional $1 billion allocation of such credit in 2014, 2015, and 2016, for a qualified community development entity only if a significant mission of such entity is providing investments and services to manufacturing businesses in communities that have suffered major manufacturing job losses or a major job loss event.